RWC Asset Management LLP purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 165,000 shares of the transportation company’s stock, valued at approximately $9,240,000.

Several other hedge funds also recently added to or reduced their stakes in DAL. Advisory Services Network LLC raised its holdings in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Delta Air Lines by 15.0% in the 4th quarter. Diversified Trust Co now owns 6,456 shares of the transportation company’s stock worth $362,000 after purchasing an additional 844 shares in the last quarter. Liberty Capital Management Inc. raised its holdings in shares of Delta Air Lines by 3.3% in the 4th quarter. Liberty Capital Management Inc. now owns 27,947 shares of the transportation company’s stock worth $1,672,000 after purchasing an additional 888 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its holdings in shares of Delta Air Lines by 1.8% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 51,192 shares of the transportation company’s stock worth $2,867,000 after purchasing an additional 916 shares in the last quarter. Finally, Telemus Capital LLC raised its holdings in shares of Delta Air Lines by 16.3% in the 4th quarter. Telemus Capital LLC now owns 6,545 shares of the transportation company’s stock worth $367,000 after purchasing an additional 917 shares in the last quarter. Institutional investors own 85.14% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) opened at $52.05 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $60.79. The company has a market cap of $35,976.63, a P/E ratio of 10.54, a P/E/G ratio of 0.68 and a beta of 1.15. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. equities analysts anticipate that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 22nd. Delta Air Lines’s payout ratio is presently 24.70%.

A number of analysts recently commented on DAL shares. JPMorgan Chase & Co. boosted their target price on shares of Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 price target on the stock. in a report on Monday, November 13th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, Cowen boosted their price target on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $65.35.

In related news, CFO Paul A. Jacobson sold 49,362 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total transaction of $2,971,592.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders have sold 363,447 shares of company stock worth $20,591,693 over the last ninety days. 0.37% of the stock is currently owned by insiders.

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Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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